2012-10-31
2012-10-31
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KQED (PBS) 8
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's what i've done. cut metal -- taxes on middle-class families and small businesses that create jobs, and over burdensome regulations on our farmers. make sure we keep our promise to seniors on medicare, as well as make sure we support our military and support the niagara falls -- also have to make sure we balanced the budget the right way. i've been so blessed to live the american dream. just like my mom and dad by starlight together in a trailer in the shadows of the steel plant. i promise to continue to be strong independent voice and a fighter to make sure everyone in this great country has the same shot i take it that's my commitment to you. collins: well, good evening. i'm chris collins. i'm running for congress to do my part to help restore the promise of the american dream for our children and our grandchildren. our country is at a tipping point. my granddaughter turned one just last saturday. she has $52,000 of debt. federal debt at her feet. my two kids in college are worried they're not going to have a job when they graduate. that's unacceptable. my 85 year-old mom is worr

payroll tax to gross receipt tax and why? because by doing that we can create jobs in san francisco and keep people in san francisco . the kids are growing up and we want them to stay but we need jobs. i agree with mr. crowley with the police force and make sure that is fully staffed and i have been speaking to the police athletic league and they have a program to breen the teenagers to be interns in the police force and they would feed into the police cadet program. thank you. >> thank you sir. the next question the city's liabilities are projected to increase in the next coming year. s what new or increased fees should it institute and i will repeat the question and we will begin with mr. crowley. >> i would say that one of the bigger things that we will have before us is the gross receipts tax check that norman talked about trading from the payroll tax which is punitive. the next thing i would do is increase the foot print on mos sony center and that brings in a lot of money to the general fund and erect a multi-purpose area and bring in more money to the coffers and a green i

economy in the world by chance. we became so because for generations we taxed ourselves appropriately and invested in some of the best public structures this world has ever seen, the best k-12 system, the most accessible and affordable higher education system so that children can pursue the hope and dream of a college degree. we invested in water system and transportation systems that works, parks that drew the best and the brightest from around the world so they could pursue their own here in the golden state. unfortunately we lost our way some years back, we got a strong governor who is experienced and i believe is getting us back on track. i want to be able to work with him and have the privilege to represent this district, again for a second term. so that we can continue the good work that we started. thank you. >> dillan >> i am a first generation immigrant and i came from india and from the south, and i am a civic attorney and i believe in the american dream and as it is exercised here in the beautiful city of san francisco and the state of california where i chose to live, but

of the rentals are illegal and the hotel tax is not collected. should the city legalize some or all of the arrangements and collect a hotel tax and we will begin with you -- i will be glad to repeat the question. >> i honestly don't know how you would enforce a law like that. of course everyone should pay their fair share but i don't know how you could enforce that. i believe we should standardize the inlaw units, maybe sure they're up to code and regulate any new units but as far as taxation i cannot see how you could actually enforce that and collect the taxes on it. >> thank you sir. mr. yee. >> cheryl i just want to make sure -- >> i can repeat it. there is internet base market for short base rentals and they sublease units to visitors and tourists and many are illegal and the city's hotel tax is not collected. should the city legalize these arrangements and collect the hotel tax? >> i traveled to different countries and i go to the internet and they have hotels and these rentals advertise and i have used these apartments as rentals for either a few days or one week and it's

the foundation for by a diesel. i extended the tax credits so ethanol could grow. are represented #one renewable energy producing district in north america. from a business standpoint, government does not create jobs. government has to get out of the ways of of entrepreneurs can have a chance for profit and it will invest their capital. that turns into jobs and that is prosperity. government needs to have a low, stable, predictable tax rate so the trillions of dollars that are stranded because of the decision will be invested in the decision. we have to lower our regulation burden on businesses. when i was in business, i counted 41 businesses regulated by trade and our number -- there are more now. no one would dare say they are in compliance with all federal regulations because eventually government would come in and shut them down. >> what year do you say the u.s. economy will be fully recovered? >> that's a hard thing to measure. we don't know who the -- who would win the election and if i did that i would be more bold in my prediction. if we win a majority, we will hold a majority in the hou

johnson, if the city needs to generate new revenue to balance its budget, what new or increased taxes or fees should it consider? çk w miss breed, mr. everett and mr. johnson. >> london breed. i think part of what i see is a lot of waste and i also see a lot of very high salaries. i think we need to start by making sure, for example, when not going to pay for bottled water and that saved the city millions of dollars. i think we need to start looking at things, like cutting the costs on the number of vehicles we use, gas and some of the basics in order to save revenue in that capacity. we also need to look at the salaries. i know that we, as members of the board of supervisors, that is a little bit more difficult, because we get into potentially micromanaging. but in terms of fees, there are a number of ways to look at new fees, but i do think that we need to manage what we have now in a responsible way before we start to open the door to new opportunities to increasing revenue for the city. >> thank you. mr. everett. >> what we need to do is stop raising revenue off the backs of p

on board of supervisors file no. 120965 [business and tax regulations code - prevent termination of payroll expense tax exclusion for small business net new payroll if voters adopt gross receipts tax]. this is ordinance amending the san francisco business and tax regulations code article 12-a by amending section 906.5 to prevent the payroll expense tax exclusion for small business net new payroll for years 2012 through 2015 from terminating in the event the voters of the city and county of san francisco pass a gross receipts tax. and your binder is the file number legislative digest, and we have a presentation by margo kelly, legislative aid to supervisor mark farrell. >> welcome. >> again, i'm a legislative aid to supervisor farrell. i'll be speaking on behalf of him today. the legislation that is before you today, it's clean-up legislation to supervisor farrell's payroll expense tax exclusion that was before this commission earlier this year. the original intent of the original legislation was for small businesses to take advantage of this from 2012 to 2015. and it was actually drafted be

will benefit and we will see job creation and tax generation but also we will see it down the peninsula and throughout the region, as daniel said. we can accommodate it, we have accommodated events before. the super bowl last time was in stanford away and san francisco was the host and regional event. we are looking forward to it and the benefit this region will get from hosting the super bowl. >> the nfl will have the super bowl at meadowlands, outside new york -- how far santa clara is. could be the first snowy super bowl. is there any concern about the nfl, the fact in february we could have horrible rain or beautiful sunshine about the weather? >> i have looked ahead. it is supposed to be sunny that day. we are excited to put that in the bid package. my mom reminds me my birthday is february 4th, all grown up. we had all of my parties in the glorious sun so i think we are in good shape. we meet the nfl requirements of temperature. we are above that, so we are in great shape on that front. >> so be it. whatever. >> i don't think it is going to rain. >> any questions? >> we can have t

enough. we have to much burdensome regulation. we still raised taxes during this recession which we drove back. personal income tax and we need to create a stable business environment. we have not done a good enough job creating that environment and that is borne out by the numbers. >> where do you stand on your blueprint for delaware? >> we have implemented the majority of items in their and we have more to go. some of them we did not have the resources. i said we ought to create a delaware version of a cops bill. we have made progress there as well. it is not spin to the hundreds of workers were back at the refinery. it is not spin to the people who decided to expand in delaware. it is not spin to the folks at foxfire printing who are adding dozens of jobs. it is not spin to the people at jpmorgan chase. these are real jobs, real families being put back to work. >> fill free to offer your opinion. >> 18,000 additional individuals who have dropped out of the work force, people who have taken part-time jobs, we can argue back and forth about the numbers but those people go to the polls an

statistical interesting facts are that we are one of the least taxed states in the nation. the least. we have no income tax, no sales tax. the democratic and republican candidates will pledge on that issue, saying they will not have an income tax or sales tax. our two gubernatorial candidates right now are both running on that issue. host: neil levesque, about the recount laws in the state of new hampshire. is it possible that there could be a recount in this state and what are the rules for that? guest: we have specific rules for the state. we have a fine secretary of state, bill gardner, quite experienced in this. he's the person who has been the keeper of the flame for the new hampshire primary. we had a famous account here in the late '70's with senator john durken who recently passed away. frankly, i don't see it coming down to that. we will see what happens on tuesday. i think other states may be more likely to have a recount and new hampshire. host: do you have voter id laws? guest: yes, and there's some controversy. the legislature passed a voter -- a new voter law that required peopl

and tax collector and obtain a bond that means the city has the exclusive beneficiary. that's something that we need to happen to protect the city. the bonding requirement is there for that very purpose to safeguard the city in case an operator fails to remit the taxes and collects on behalf of the city. the bonding requirements currently range from 20,000 to $800,000 depending on the annual gross receipts from the parking station. since these bonding rates were passed, the financial crisis has made it quite difficult for certain operators to get a large line of credit without actually owning significant assets. this has disadvantaged in particular many small parking operators who do not have sufficient capital to obtain the necessary bond. it has also impacted larger operators who have operated in good faith and have a proven record of responsible third-party tax collection. so, in order to continue to protect the city -- so, we essentially have to strike the right balance between requiring the bond, but also recognizing the challenges that some of these operators face. and in order to

-class tax cuts so they are no longer held hostage. you're willing to join majority and hold him hostage and not giving it should assurance. i want him to have that i want a farm bill passed so our farmers now delayed olympic i want to stand with our seniors and make sure that we don't balance the budget on their backs and break the promise to medicare we had to i believe mitt romney has ideas as well. i'm not so my way or the highway that i can't look at people objectively and go with what i think is best to every issue that comes before me, my question will be, what's best for this district. that's how i've operated and i continued to do so as a member of congress next year. >> just to be quick on your voting for president obama? hochul: i've said that before, yes. >> okay. there is another question on the floor. other congresswoman to mr. koh, if you will. hochul: chris, i joined mitt romney, president obama, kirsten gillibrand come when the long and many others in full disclosure because i put transparency is important. full disclosure of personal tax return by putting them online so

frustration. >> this is barbara on twitter. how do you respond? correct on the tax cuts. i am a republican for my issues which are limited government and lower taxes and less regulatory environment. i think in colorado where you find is you move west across the united states. the republican voter is a closet-libertarian type loder where it is limited government. it is an old west at age, keep government out of our lives. you see democratic voters as evident by our governor who moved more toward the center. if they could have another moniker it would be the common sense party. limited government and less washington, d.c. involvement. >> the governor is a democrat. what is the makeup of the state legislature? guest: we have a slight majority in the statehouse so we control the state house. in the state senate you have a slim majority. our attorney general and secretary of state and state treasurer are three other statewide elected officials. the governor, democrat who is very popular is obviously a democrat. it is representative of the voting population which we are helter-skelter and we hav

his funding. it is something i would pledge not to spend. almost half million dollars in tax payer funded mail. to communicate with constituents. let the candidates will respond in an alternating fashion to the questions. ms. bustos will answer the next question first. >> everyone is talking about cutting federal spending and reducing the federal deficit. i will let for both of you to talk about programs are spending in the 17th district that he would be willing to sacrifice and help lower the federal deficit. >> the budget is the defining issue. i see it as getting down to priorities. we obviously have a budget problem. we have to balance our budget. how are we going to do it? on the backs of seniors? as my opponent opposes, where it would charge those of medicare and extra six to $400 a year. i talk to people all over this district. they cannot afford an additional $6,400 out of pocket. are we going to do it on the backs of workers such as those upton to freeport to jobs are getting set to china? because there are tax incentives to do that? or are we going to continue to give tax

governor romney would manage to cu income tax rates by 20% without increasing the deficit? or which tax deductions he would eliminate? or specifically, how he's going to create the 12 million j is he's promised? or what barack obama's going to do in his second term? do you have any sense of that? >> well, in the case of the 12 million jobs, as we know, you don't have to do anything and you'll get 12 million jobs. any number of economists and moody's analytics have predicted that simply by keeping present policies in place, 12 million jobs will be created over that period.s so it's not much of a boast. as for the tax policy, my guess is that he doesn't know and he is just saying this.s. he has said he wants to cut taxes -- rates by 20%. and i believe he does and would. but when you ask him why that won't be a $5 trillion increase in the deficit, he says -- and i ove the third person, "if mitt romney says there won't be an increase in the deficit, there won't be. that's why and how." >> i know how he could, because some of the studies he cites make assumptions that would let him become re

, that's a more efficient use of tax dollars. >> cenk: michael there is no such republican plan. the only plan that exists is to cut fema. there is no plan to add money to the local levels. >> i'm not here to defend that. or argue it. i'm here to tell you from -- yeah, i'm a republican and yes i'm a partisan. here's how it really works and what we really ought to be doing. >> cenk: michael one last thing. if you're a voter throughout and you're worried about these disasters and they seem to be happening at a quicker pace now and one guy seems to have handled things fairly well and says i'm going to continue to do that and another guy says i don't really even believe in fema at the federal. >> eliot: and i don't have a plan to make anything better at the state or local. >> eliot: so good luck to you. as a voter which guy would you go for? >> look, i don't think that romney's rhetoric really is that. he may think that we need more efficiently or spend their money and i think we should. i think to the extent we c

about and some are already being worked on including congestion pricing and a downtown transit tax assessment district because downtown businesses are the greatest benficiencies and should be paying their fair share in terms of busing their employees on a daily basis. i think muni has had a shortfall ever since the state gas tax money, since we lost that money and we have to look at how we're going to solve muni's long-term budget problem and get a muni system that is efficient and runs on time and not cutting fares while expanding fees. we can do that with a vehicle license fee on the local level, with a gas tax on the local level and i would like to work with our state legislators to make that possible here in san francisco. >> thank you. miss olague? >> well, again, we have, as most of you know a transit-first policy in san francisco, and in my conversations with the mta, that is their justification for wanting to impose these fees or parking meter usage and what not. but i think that even though i have been a huge proponent of transit first for a number of years and i do suppo

will -- expansion wi. i guess my point is that many low income families don't file taxes. so the information that is -- because they're not required to, not because they're out of compliance. but they may not be required to file taxes. so snap information may be available in a way that you can fast track their medicaid eligibility because they provided recent information to the snap agency. so i don't think that that really, um, complicates the opportunities for coordinating between nap and medicaid significantly. >> thank you very much. i am going to give our panelists an opportunity if any of you have closing remarks that you'd like to jump in with before we wrap it up, or -- okay. well, thank you all very much for coming. [applause] [inaudible conversations] >> this program will reair on our c-span video web site, go to c-span.org. very quickly, president obama's put off campaigning for the two days to attend to hurricane relief efforts. he'll return to the campaign trail tomorrow, actually. in the meantime, vice president biden stands in for the president at an event in ocala, florida, t

tax money for a local zoo. opponents are casting their doubts. new continues in one minute. >>> a humbolt county man this is not the humbolt county man we're talking about right now. sorry. we have the wrong image there. there we go. a man is recovering after being attacked by a shark while surfing in you're creek -- eureka. authorities say the attack happened about 12:15 this afternoon. he was bleeding and listed in fair conditions. >> two teenagers will be charged as adults in a arson and murder case appearing in court today, 16-year-old and 18-year-old did not enter pleas. they're accused of choking a woman to death, robbing her home, setting the house on fire. they face charges of arson, robbery, murder committed during a robbery. >> and city of east palo alto plans to expand use of the shot spotter system. the u.s. department of justice and the smart policing initiative awarded the city 300,000ses today improve and expand this program. shot spotter as lous torts to -- authorities i'd and east palo alto in 2009 officials say improved technology can help problem solving

of the day which is revenue. we have seen our revenue cut significantly by taxes that arnold schwarzenegger cut his first day in office. we have a depoll that prop is trying to refill it. we should not have to do it at the ballot box when out of 40 state senators 14 have more power than 26. 14 can veto when 26 want. i tell fifth graders that and they say that is not democracy that is not possible. that is exactly the problem, we don't have democracy on all issues, revenue-related in the legislature, let the majority party do its job and if the voters don't like what the majority party is doing in no one jerry man dered districts change who is in power, it is call democracy. >> continuing on the theme of democracy, and how people engage with their elected officials and with government generally, clearly civic engagement is critical for a safe, strong and a vibrant state and i am curious what you have done and what you will do to encourage appropriate participation in democracy. >> i think that we could probably most simply define participation and democracy aside from community hearings and

tax revenues ever this year. the federal government as well as states and municipalities are said to take in a total of 602.4 billion euros, which beats earlier projections by almost 6 billion euros. the government says it will come close to balancing its budget next year. >> germany will pay out billions of tax reimbursements to foreign companies. that is in order to comply with a ruling from the european court of justice. >> the court found that foreign stockholders in germany paid too much in taxes on their dividends and ordered germany to rectify the situation. the payments are set to cost the treasury at least 3 billion euros. >> the german economics ministry has confirmed media reports that european and north african countries have begun negotiations on a mass of solar energy project in the sahara desert. >> the desert tech project would see solar energy produced in north africa and exported to europe. according to a german newspaper, a treaty could be signed by early next year. the first solar farm would be built in morocco. >> could the saharan son soon be powering europe

the largest budget surplus ever in history. it's going to make it possible tor us to cut taxes for every hoosier. but jon, you just said we pay for things in indiana. but when you were speaker of the house, for five of the six years you were running the state house, indiana ran deficits. when mitch daniels came into power indiana was $700 million in debt and had a deficit of $820 million. facts are stubborn things and i'd like to knoll how are we going to make sure and preserve the fiscal integrity of the state of indiana. >> if you had spent the last 12 years here you'd know our budget has to be balanced. i produce balanced budget t and they were supported by our own lieutenant governor. i find it laughable that a united states congressman would lecture anybody about fiscal responsibility. you voted five times, congressman, you you voted and the results increased our deficit by $200 billion with a b dollars. >> find key house and governor races on c-span campaign 2012. >> an update on hurricane sandy coming up at about 2:30 eastern which up until then with an election a few days away a

economic development so we are very happy and came out in support of the payroll tax exemption and lobbied and get twitter into the neighborhood. we would do the same thing if that case came up remember. we are finding ways to leverage the welcome boom and tech so we're not a one dimensional town and that we have a vibrant downtown, mid-market that consists of tech companies, retail, restaurants, cafes, and in our view importantly arts and culture. given our experience and what we observed this other cities and neighborhoods arts and culture have a power way of weaving together the civic fabric and encouraging social interaction and engagement between populations that wouldn't otherwise engage. it's important that we maintain some semblence representation of life and analogue so to speak. it's not just a digital world out there. the strand is a pioneering step forward. i am a fan of the theater and i think they're taking a remarkal pioneering step here. i lived across from that building for three years. i cannot imagine it with the lights on. i hear rumbling in the community where

have been on the subject, given how much of it we have talked about. significant things like tax policy and policies on deficits. i think there is going to be a long period of time before we will get any action on this. i'm just talking about when someone puts out an idea, which has to be challenged in congress and debated, and then you get something fast, and then you have the implementation. after all, think about where we are as far as implementation in terms of obamacare. unfortunately, i am very pessimistic about when we finally get resolution. >> yes, sir. >> i am a student at harvard kennedy school. you started your remarks talking about the incredible remarks before the conservatorship. as we think about the entities that will follow, how we think about creating an appropriate amount of political installation against lobbying when it comes to capital requirements or appropriately pricing governments guarantee? >> that is a real important question. i can tell you that during my time in the conservatorship. we had really strong restrictions. we were not able to make any political

, that is why i am in support of our governor's tax measure because it brings critical funding to schools. that is why i am supportive of making sure that we are cleaning out and becoming more efficient through what i have done through office and to make government much more receptive and efficient. >> that leads into the question about civic engagement. it is critical that people are engaged to have a safe, strong and vibrant state. what have you done and what will you do to encourage the kind of participation that you are talking about. >> i think that transparency and disclosure are some of the main reasons that we have so little citizen participation, that is one of the reasons that i started up we stand san francisco it is an on-line society to engage citizen and order people to get more involved in government so that we cannot just have a conversation here, where people could make it, if people could be part of that conversation on-line, just like all of the folks at the richmond senior sen center, so they can participate. i think that what is lacking in government at times is real

to strengthen our budget reserves and i believe we can cut taxes for every resident. use every paper things in indiana. when you are speaker of the house, for five of the six years, indiana ran deficits. came in, indiaaniels was $700 million in debt and a deficit of $700 million. i would like to know, from my colleagues on stage, how we will mature and preserve the fiscal integrity of indiana. >> if you spent the last 12 years in india and not congress you would know that our budget needs to be balanced. i have a balanced bipartisan a balanced budget. and the things you talked about were supported by david long, and lieutenant governor. find laughable that united states congressman would lecture anyone about fiscal responsibility. you voted not once, not twice but five times congressman. you voted and the results in increased our deficit by 200 billion, billion with a b dollars. >> find a key house, senate and governor's races on the c-span, c-span radio and c- span.org/campaign 2012. >> a discussion on the current state and future of the news industry, focusing on investigative reporting a

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, to tracking sales and expenses, quickbooks can help you manage... every detail of your business. and at tax time, all your records... will be automatically organized and ready to go, saving you time on prep work. quickbooks, guaranteed easy or your money back. learn more and get your free 30-day trial today... at tryquickbooksfree.com. >>> how did "the des moines register" rewrite its endorsement of a obama presidency four years ago into an endorsement of a romney presidency now? by magical thinking. by adopting mitt romney's magical thinking. after saying, quote, the president's best efforts to resuscitate the stumbling economy have fallen short, the editorial then says that the problem with the economy is the consumers have to feel more confident. and without giving a single shred of evidence as to why consumers would feel more confident with a romney presidency, the editorial board simply believes it will happen. that's it. it will happen like magic. consumers must feel more confident about their own economic futures to begin spending on the products and services that power the economy.

of touch plutocrat with secret tax returns and offshore bank accounts. >> rose: why did they let that happen? >> well. >> i mean it is a great question. if they win it will hook like they amended it brilliantly, right in so, and i think he had a decent chance to win. i think they believed they were difficult attacks to respond to and attacks they didn't have the resources to respond to at that point. >> rose: because at that time super pac money hadn't kied in? >> the campaign ielf th't ve money because they had to spend only money for the nomination and hot the election. >> rose: so in other words it could only kick in after the nomination? >> right. but there are other variables include governor romney wasn't comfortable doing the kinds of things they did at the convention. i mean, one of the big mysteries which i still have not unraveled is at the convention, you had testimonials from these families who dealt with governor romney when he was engaging in, engaging in extraordinarily generous and personal acts of kind tons their family, we didn't see him before the conventn, we

income tax cheating. not admitting anything but maybe maybe. >> stephen: that's okay. tell us about the nblg tax. >> a little bit. >> stephen: the i.r.s. has a great sense of humor. (laughter) >> oh, they've got a file on me, yeah. >> stephen: do you think so? >> we've had issues over the years. >> stephen: have you ever done a foya request on yourself? >> a what? >> stephen: foya request? >> oh, freedom of information? >> stephen: do i know more about the law than you do? is that what that is? (laughter) foye ya. have you ever thought about writing something other than lawyers? have you written books about anything other than lawyers? >> i've written a couple books about football, a book about baseball, a book about -- a couple comic novel bus i always come back to the law, that's whey what i know. i couldn't write about architects or dentists or anything you know. they wouldn't sell. people love stories about lawyers, especially crooked lawyers and dead judges. this stuff sells. (laughter) it sells. (cheers and applause) >> stephen: you've got to go with what you know. john grisha

to reopen and som expect heavy selling as investors whose fiscal years end in october are looking to get tax benefits by getting rid of losing stocks. insurance companies are preparing for payouts to customers who were affected by the storm. early estimates suggest insurance companies will spend $5 to $10 billion covering costs. bloomberg news reports aig alone could pay upwards of $4 billion. to get fast action from insurance companies, bloomberg suggests: take inventory of what you lost, read terms of your coverage, and check for a hurricane deductible. if you don't have flood insurance, you may be eligible for federal disaster assistance, grants or loans. president obama is already making government assistance available in new york city and parts of new jersey. an executive-level shake-up at apple: two senior vice presidents, one in charge of apple's retail stores and the other tied to the google maps debacle, are leaving the company. john browett's departure is immediate. he cut staffing hours at apple's retail stores, a traditional retail move to improve profits but which, at apple, und

that includes [hr-ufrpl/]ry condominium for the ultra rich, corporate tax breaks, chain stores and parking garages, a vision for san francisco that doesn't include a lot of everyday people. it's getting to where students and seniors on fixed incomes and young families and teachers and firefighters and everyday folks can no longer afford to live in san francisco. we have a crisis of affordability here. i think the city's economic development polices have a lot to do with why we're starting job/housing imbalance when you are so focused on the power elite, the twitter tax breaks and not focused, which i think we need to start to do. on the economic development interests of our small businesses. which are the life blood of the san francisco economy 80% of our economy is small business along our commercial corridors and most jobs are created by small businesses each year. the city needs to reorient its economic polices towards small businesses and start to remove the red tape and stream-lining the permitting process and other ways to facilitate small businesses to thrive and survive in san fra

to continue to provide tax cuts for businesses like yours. but you don't see it coming? >> you know, what we've seen is the family owned business president obama has been clear on his views of the estate tax. we think one of the greatest things on the economy is allowing family owned businesses to remain family owned. impediments to that is an estate tax to backwards it forces family-owned businesses whether family farms or business like white castle to reconsider their structures in terms of how they can continue to be prosperus and give back to team members. we know it's something we call patient capitol to do the right thing by the team members and people because they're investing in the future, when you put a state tax into the mix that is not just policy for allowing family businesses to continue to grow. >> coming up where is maiga storm sandy headed next? a check on sandy's path, next. hahahaha! hooohooo, hahaha! this is awesome! folks who save hundreds of dollars switching to geico sure are happy. i'd say happier than a slinky on an escalator. get happy. get geico. melons!!! oh yeah

there is a lot to be said for that. >> the president says he wants to continue to provide tax cuts for businesses like yours. but you don't see it coming? >> you know, what we've seen is the family owned business president obama has been clear on his views of the estate tax. we think one of the greatest things on the economy is allowing family owned businesses to remain family owned. impediments to that is an estate tax to backwards it forces family-owned businesses whether family farms or business like white castle to reconsider their structures in terms of how they can continue to be prosperus and give back to team members. we know it's something we call patient capitol to do the right thing by the team members and people because they're investing in the future, when you put a state tax into the mix that is not just policy for allowing family businesses to continue to grow. >> coming up where is maiga storm sandy headed next? >>> monster storm sandy, what is the latest, rick? >> last couple images here on the radar you can see that they just begin to fade off just a little bit. less precipitati

, that's a more efficient use of tax dollars. >> cenk: michael, there is no such republican plan. the only plan that exists is to cut fema. there is no plan to add money to the local levels. >> i'm not here to defend that. or argue it. i'm here to tell you from -- yeah, i'm a republican and yes i'm a partisan. here's how it really works and what we really ought to be doing. >> cenk: michael, one last thing. if you're a voter throughout and you're worried about these disasters and they seem to be happening at a quicker pace now and one guy seems to have handled things fairly well and says i'm going to continue to do that and another guy says i don't really even believe in fema at the federal. >> eliot: and i don't have a plan to make anything better at the state or local. >> eliot: so good luck to you. as a voter which guy would you go for? >> look, i don't think that romney's rhetoric really is that. he may think that we need more efficiently or spend their money and i think we should. i think to the extent we

a lot about them. >>> reporter: >> redistricting, state tax law, and budgeting cycles are not hot button issues and they are not easy to understand. >> reporter: they're not exciting and sexy. >> no, they are not exciting. they're not sexy. >> reporter: but they are important. let's start with proposition 31. vote yes and it would change the legislature's budget cycle from one to two years. supporters say it would allow local governments more planning time because they would know in advance how much money they get. and in gives the governor the power to reduce spending if there is a budget emergency. opponents say it's unclear what would really happen if this measure passes because the budgeting process is so complicated. money is at the heart of proposition 39. vote yes and it forces multi- state businesses to pay more in taxes based on their california sales bringing the state an extra $1 billion a year. >> yes. this is actually a way to close a tax loophole. it would bring revenue to the state. the polls show that it's likely to pass. >> reporter: opponents warn, though, prop 39 could

for the homeless should come from downtown corporations through the war profit tax and provide housing for the homeless. we have a cacantacy rate here that is high and park merced where it's high and i believe those units should be used to house homeless people with the revenue generates from the war profits tax so that's what i would propose in dealing with the homeless issue. >> all right. thank you sir. mr. rogers. >> you know sadly the 50% of the homeless are actually vietnam veterans and so this makes homelessness really a national embarrassment. in the past they had post traumatic stress disorder was claimed to be -- the people had it before they were in war, before they went through a terribly difficult time and they did not provide the people any money. fortunately with the obama administration this has changed and these people are coming back and being able to be given some money, so on the federal level i think there's some improvement. when it comes to san francisco i think we need to do more, and i would research this further and answer that question later. thank you.

to send a message to washington: stop spending money we don't have. how can we afford this tax? ...big corporations and the richest two percent. >> what's at stake is the future of america. >> it costs us, and taxes us, too much. >> american future fund is responsible for the content of this advertising. >> ryssdal: i knew right away this wasn't going to be the usual story on campaign finance. one of the first surprises was finding myself driving the dark streets of denver with attorney alan schwartz, who shared kind of a strange experience. >> it was early january of 2011, and my wife, who had just been reelected to the colorado state senate, got an e-mail from someone who claimed to have some information about a group that had sent out some attack ads against my wife. >> ryssdal: the guy said he had some documents, and a week later... >> i heard from this individual again. still not identifying himself, but telling me that if i wanted to see the documents, then i needed to get them that day. >> ryssdal: had to be that day. >> had to be that day. >> ryssdal: schwartz agreed to meet th

was that he favors a progressive tax policy, taxing those at the very highest rungs of income a little more to provide a little more help to those on the bottom rungs. "the des moines register" has now abandoned that as a reason for choosing a president. the editorial board has abandoned it in favor of this lie. there is not a lot of difference between the two candidates' short-term economic plans. four years ago, one of the biggest reasons "the des moines register" gave for endorsing president obama was expanding health insurance coverage to more americans will lessen the threat that illness will bring financial ruin. four years later, health insurance is not mentioned in their editorial endorsing the man who promises to repeal the obama expansion of health insurance that "the des moines register" advocated. another important reason cited four years ago in endorsing president obama was the supremely important reason of supreme court justices. obama promises to appoint justices with an expansive view of constitutional rights and equal justice. mccain's appointments more likely would continu

federal taxes to accommodate that cut. the states would then have to raise taxes in order to pay for the replacements for what fema used to do. taxation on the average homeowner or individual -- >> cut taxes so the localities have to raise taxes. >> that's right. >> any way the tax is going to go down. the other scenario, say the states try to replicate what fema does, that's extremely inefficient because what fema can do is keep a lot of resources in place to target wherever the disaster goes. if every state has to act like sandy is going to hit them every time. >> right. >> that's fantastically inefficient and someone like romney ought to know that of all people. >> a lot is give money to states. there's a level of the game here. >> that is what they do. the big obviously the cops and e ems and firefighters are out there, not federal employees for the most part. >> that's right. >> and those are local workers who like are out there, you know, doing the work first. >> ezra, we know if the sequesters go into place, fema loses $878 million, that's a lot of money although we don't

of taxes. everybody's been talking about these swing states as if the tail can wag the dog. somehow if you win the swing states, you affect the whole rest of the country in doing so, when that's the residue. but if you spend all your advertising money and all your grassroots, all your social media, and you focus it all on ohio, that doesn't help you win in pennsylvania. it doesn't help you in minnesota or michigan. i'm wondering whether they got the thing wrong, possibly, the obama people, by putting all their faith in winning those seven states, or most of them. what do you think? >> i think that because of the electoral college, elections, presidential elections have to focus on swing states and have to focus on these emerging purple states, because as it turns out, the elections sometimes do hinge on them. this election does seem to hinge on these particular swing states. the reason why the polling is so confusing, chris, is because sometimes national polls don't take into effect the fact that we have an electoral college, don't take into effect that some of these swing states will be s

for it. now we've got the government. your tax dollars paying for a company that would end up making a profit when you were hurting. that just -- it is wrong. >> absolutely. ultimately, this company isn't going to provide the best possible service to the refugees. that will be obvious the first catastrophe after they would come into existence is that it would be an absolute disaster because they wouldn't want to spend the money. they don't want to. they're not in the business of losing money. >> jennifer: right. so yesterday former fema director michael brown criticized president obama for responding to sandy too quickly. this is brownie having done a heck of a job. today, abc news political correspondent jonathan karl tweeted this picture of people holding up cans next to a shirt that says -- at the romney relief rally next to a shirt that says obama you're fired. obama, you're fired and here are your cans. it makes us wonder do you think -- maybe not mitt romney but some in his crew might be politicizing th

pension funds, their fiscal year-end is october. so what they will try to do s dump losers to get that tax write-offs which adds to the pressure on the opening tomorrow as getting teeseven skittish opening. so watch out. it could sort itself out by next week, tomorrow we are expecting volatility. lou: thank you. >> short. lou: we will cover the political impact can't take that up. the economic impact of all this with the "a-team". next. there may be just as after all for the family of border patrol agent bryan terry murdered by mexican drug cartel members using guns supplied in operation fast and furious. president obama has a fill-in on the campaign trail, his chief campaigner in substitution, well, guess it is? well, it all depends on what the meeting of is is. joining us with his reaction, best-selling author ann klein. also the latest on benghazi. with the election now week away, we take the question of whether hurricane sandy will affect the voting with the outcome with the "a-team." ♪ everyone in the nicu, all the nurses wanted to watch him when he was there 118 days. everything th

shipped jobs overseas. his plan cuts millionaires' taxes, but raises yours. he'll voucherize medicare... and make catastrophic cuts to education. so remember what romney said... and what his plan would do. president obama: i'm barack obama and... i approve this message. >>> violence erupted in tunisia overnight when protesters attacked a police station. one of the protesters was killed and three officers injured. the hardline islamist group was protested the arrest of a man that was accused of attacking a police chief with a knife. the government has pledged a crackdown on violence since the attack on the u.s. consulate in libya last month. >>> president obama put his campaign on hold today to tour areas of the new jersey coast ravaged by hurricane sandy. but the race to the white house rolls on. >> right now, republican candidate mitt romney is courting voters in florida. steve handlesman with our report now. >> reporter: president obama set out to survey hurricane damage in new jersey, six days before the election, still no campaign. mitt romney campaigned in tampa, sympathizing wit

from big corporate interests... voting their way... for tax breaks for companies that ship virginia... jobs overseas. when we voted him out, allen cashed in. now allen wants another round. supporting a plan that will cost us more jobs. virginia can't trust george allen. the democratic senatorial campaign committee is... responsible for the content of this advertising. >>> the shuttle enterprise survived years in the shuttle program, no damage. but it wasn't as lucky during sandy. the prototype nasa shuttle which is on exhibit on board the intrepid sea, air, and space museum in new york suffered damage during the storm. it was inside an inflatable dome which deflated. some of the panels ripped off by wind. >>> time for weather and traffic on the ones. meteorologist tom kierein with more on the forecast for today. hoping things are getting better weather-wise. >> looking up at the moon, this is a live picture showing the moon trying to peek through. some of the clouds racing through. moon just past full, which is also causing our tides to be a little higher in addition to the flooding

millionaires' taxes, but raises yours. he'll voucherize medicare... and make catastrophic cuts to education. so remember what romney said... and what his plan would do. president obama: i'm barack obama and... i approve this message. >>> take a look at this. this is one way you could try to cross a border. the problem is, it didn't work for these folks. two men trying to enter the u.s. illegally got stuck on the fence. as you can see, the makeshift ramp they made did not work. the two men inside fled back into mexico with everything in the car. when border patrol agents approached. >> i guess they didn't get the car down. >> now, this is halloween. in light of sandy, many communities have had to change their plans. activities like trick or treating have been postponed or canceled. we have a list of those as well as a way to announce neighborhoods changes at www.nbcwashington.com. there are, though, plenty of festivities going on as planned. police expect the usual heavy flow of pedestrian traffic through georgetown. there are a number of traffic restrictions. tonight, many busy georgetown stree

and they are funding campaigns against proposition 30. governor jerry brown's tax hike proposal and the measure aimed at collecting dues for education purposes. >>> this morning the national average price for a gallon of average gas is 3-cents less. now a decrease in demand has sent gas prices down and it could fall as much as a dime in the coming week. >>> the white house is usually inviting children to come trick or treating. this is video of the first lady and president inviting children and this year they are pulling the plug on the celebration as president barack obama travels to new jersey to help with the recovery efforts. >>> there are plenty of events going on and this morning the have a talk will hold it's not too spooky event. they will host a party and this is going to be in oakland. >>> we have some breaking news to tell you about in new jersey, a fire started out in new jersey and it was hit hard from sandy. we are out there live flames are reaching in the sky and there is a large cluster of flames and smaller fires that are spread out from this. it's not clear what is burning at this p

? i am not sure. does he play in taxes, i am not sure. marco rubio is seen in some ways of being the latino face of a party that is very harsh to latinos. >> the democratic mayor acquitted himself quite nicely. what is his future? >> he is probably the biggest star they have the right now. he is a very smart guy. he is highly educated and very different from a lot of other latino politicians. he is completely american in his point of view. i think it will pass over more than a lot of other candidates. >> give me your sense of how important beyond this election this voting bloc will become. >> just democracy itself, that means the percentage of overall vote and will be hispanic will continue to grow. how will it break? i do not think it is a democrat did block. i think it is an independent bloc. i think it is winnable for both parties. i do not think immigration we will be talking about in five or 10 years. i think the party that ignores some of these basic issues, education reform is really a major civil rights issue right now. 80% of the students in los angeles public schools ar

enttvsegmenhdrrcurr raise taxes on >>the rich, you're going to destroy our economy." not true! >> stephanie miller. ♪ bad girl, you bad girl ♪ ♪ you're such a dirty bad girl ♪ ♪ uh-huh ♪ >> stephanie: it is "the stephanie miller show." welcome to it. 23 minutes after the hour. happy halloween. look what we got you. a tweet. it is elvira, mistress of the dark. [ applause ] >> i still have not tried my -- what is it? my macabre -- the wine. >> macabre-nay. >> stephanie: it's good. i thinkly have it tonight in honor of halloween. >> you'll like it. you'll be surprised. it is better than two buck chuck! >> i have a bot of elvira's orange scream soda on my counter. >> drink that. just don't drink elvira's night brew beer. that came out about 15 years ago. if you open a bottle of that, i can't be held responsible for what might happen to you. >> stephanie: she's an industry. >> i'm a beverage industry. [ laughter ] >> stephanie: jenny in georgia. you're on with elvira. oh wait. hi j

for us to strengthen budget reserves and i believe we can cut taxes for every hoosier. but he just had to pay for in indiana. that when you were speaker of the house, for five of the six years you are funding the state house, indiana deficits. when ms. daniels came into power just a couple years later and budgets to help to write, indiana with $700 million in debt and had a deficit of $800 million. facts are stubborn things. how are we going to make sure and preserve the fiscal integrity of the state of indiana? >> congressmen come if you spent the last 10 years in indiana, you'd know that our budget has to be balanced in indiana according to our constitution. i balanced and produce bipartisan balanced budget. and oddly, these were supported by fort wayne zone david long and the tenet of american, peggy stillman. i find it almost laughable that the united states congress and with lecture anybody about fiscal responsibility. he voted out once, not twice, but five times, congressman. you voted to edit the results increased her deficit by 200 billion, billion with a b. dollars. >> now loo

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